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"Something is up and Imminent" - Sat. PM KTFA Thoughts/News 1/27/18

I have a Co worker that just bought dinar. I called her this morning to share what Delta saw on Iraqi tv. To my surprise she told me yesterday she had fox business news on while she was working.

They were talking about how the dollar is going down in value. They then shifted and said there are some other currencies that will emerge to the forefront. She said they mentioned the Iraqi Dinar. She was very surprised . And her dinar just arrived in the mail yesterday.

THAT IS A MAJOR US NEWS CHANNEL!!!

Now of course I don't have a screen shots or video to share, but I think those KTFA FAMILY who have seen me post though not a lot should know my heart. That is the truth.

Just like I trust Delta. I don't need to see a screen shot to believe him.

The fact that fox business channel mentioned the Iraqi Dinar just yesterday and Delta is reporting Iraq news is openly saying their intentions are for the dinar to go 1 to 1 with the USD !!!

SOMETHING IS UP AND IMMINENT. IMO

Richard » January 27th, 2018

Reuters said in 2012 it will be 1-1. I hope that I did this right.

November 15, 2012 / 6:30 PM / 5 years ago

They're buying what? U.S. investors latch onto Iraqi dinar

NEW YORK (Reuters) - The U.S. stock market almost wiped out his retirement account, but retired pilot Ronald Scarpa hasn’t lost his taste for risk. Lately he has turned to one of the chanciest investments in the world - the Iraqi dinar.

“It’s not a question of if, but when Iraq revalues its currency,” said the Las Vegas-based Scarpa, who keeps dinars in his retirement account. “The dinar will eventually have substantial value, possibly the highest in the world.”

He’s not alone in risking his money on an investment that can charitably be described as a long-term turnaround project that will pay off only for the extremely patient. Thousands like Scarpa in America are buying the dinar, hoping someday the war-torn nation can revalue a currency worth just a fraction of a penny.

The fundamentals for buying the dinar are precarious. The United States invaded the country in 2003 and has only recently removed most of its troops. The country’s political situation remains unstable, and destabilization in the Middle East - most recently with rockets fired between Israel and the Gaza Strip - could undermine the fledgling republic further.

U.S. retail investors’ interest in Iraq’s currency is part of a broad push for investment opportunities that will give some yield. Most of them cite near-zero interest on their U.S. savings and certificates of deposits as a reason for buying dinars and other exotic currencies.

The dinar, worth just a tenth of one U.S. cent, is experiencing additional downward pressure as a result of international economic sanctions imposed on neighboring Iran and Syria.

Also, buying the dinar is a task in and of itself. The currency is only traded in Iraq, so it can only be purchased by U.S. customers through a handful of dealers around the U.S. who get their dinars from Iraqi banks. If a customer wants to sell his dinars, the dealer will only buy it back at a 30 percent discount - so no quick trades here.

But Scarpa said he is prepared to wait. The country has the second-largest oil reserves in the Middle East and exports 3.4 million barrels of oil per day, making it one of the world’s largest oil producers.

“If the dinar rises to just even a penny, you would have realized a profit of 900 percent,” Scarpa said.

In the last four years, the dinar has barely moved. Since 2008, it has appreciated by just 5 percent against the dollar, and at a tenth of a penny, the Iraqi dinar is the weakest currency among oil-producing Arab nations.

The Kuwaiti dinar is worth about $3.50, while Saudi Arabia’s riyal is equivalent to roughly 26 U.S. cents.

The old dinar was worth $3.20 before the United Nations embargo that followed Iraq’s invasion of Kuwait in 1990. By August 2002, the dinar had plummeted to a fraction of a penny.

Speculators are betting that given Iraq’s potential as an oil-driven economy, the dinar could rise to a value of $1 to $3.

​“I looked at the risks and I decided that this is not going to bankrupt me,” said 35-year-old Ryan Williams, a former sheriff in Bakersfield, California.

“You invest a couple of hundreds or a couple of thousands of dollars and even if it just appreciated by 10 to 15 percent a year, that’s still a lot better than investing in certificates of deposits here.”

The Iraqi central bank sells dollars daily at a fixed price of 1,166 dinars through two state-run financial institutions and some private lenders Those institutions set the market rate through sales to customers. The current market rate is 1,215 dinars to one U.S. dollar.

Hassnain Ali Agha, founder of Las Vegas-based currency dealer Dinar Trade, is the biggest U.S. market-maker in Iraq’s currency. He also sells other exotic currencies such as Afghanistan’s afghani and the Libyan pound.

The United States is a huge market for Agha’s firm, which has nearly 900,000 customers, 90 percent of which have purchased dinars. His customers are U.S. mom-and-pop investors - teachers, police officers, and construction workers. He also sold dinars to many U.S. soldiers coming back from Iraq.

Agha, who formerly traded at the Chicago Mercantile Exchange and New York Futures Exchange, himself holds more than $2 million in dinars, he said.

In 2011, Agha said, his firm sold about $577 million in dinars to U.S. customers, most of whom hold dinars for investment purposes.

“People in the U.S. really feel that Iraq is the next frontier market to make money on,” said Agha. “There will come a time when the Iraqi government will have to adjust the dinar exchange rate given the country’s oil exports. That will start fueling the fire.”

Agha sells dinars in 1 million lots for $1,120. For the U.S. investor, however, it has to be a long-term holding. Dinar Trade will buy Iraqi notes at $850 per million, so the dinar would have to appreciate by about 30 percent before an investor could sell and break even.IRAQIS WANT DOLLARS

In Iraq, prices are quoted both in dinars and dollars, but many prefer the greenback, locals interviewed by Reuters said.

Saja Majeed, a 30-year-old civil servant in Baghdad and a mother of two, said she carries dollars in her wallet because it is safer and she sees little opportunity for the dinar to rise.“There is no industry in Iraq except oil. The dinar is linked to oil, but oil will run out one day,” Majeed said.

Revaluation will only happen once the Iraqi government stabilizes. Iraq’s central bank hopes to make one dinar equal to $1 at some point through redenomination and central bank-induced appreciation.

Iraq’s deputy central bank governor Mudher Kasim told Reuters that process could take three years.

America investors are remaining patient.

“The big question is: where do you put your money in the U.S.? You can’t get any interest in your money. Banks give you almost nothing on deposits,” said Donna Simko, a real estate agent in her mid-sixties in Riverside, California.

Everything this week has been calculated and every move intentional. For me that really started on 1/22 when we got article #1 and they the mysterious currency as background on the cbi. THIS Whole process as Frank has said is a MASTERPIECE!!!

DELTA » January 27th, 2018

from 1-26-18 FAMILY: SO AN HOUR AGO ONE OF IRAQI CHANNEL ON THE TICKER THEY SAID THAT CBI STRATGEY ON DINAR EXTERNAL EXCHANGE RATE IT WILL 1-1..........WOW

Chicano » January 27th, 2018

It's hard to contain the smile on my face!!! So the next OBVIOUS question is............. tick tock tick tock

AnotherMailman » January 27th, 2018

Awesome! I think the articles said that the Kurdistan teachers get paid this Sunday. 1-1 has a nice ring to it.

HbHockyDad » January 27th, 2018

Hey Frankie what do you think of Deltas news tonight. Pretty exciting yeah

​Frank26 » January 27th, 2018

I THINK IT IS ........ INVIGORATING !!!

NOTE: EVEN THE BROKERS COPY AND STEAL FROM US ........ LAST WEEK WE TOLD YOU THE DINAR WOULD BE A ......" VOLATILE MARKET" .............. TODAY THEY TOLD YOU ..........THE SAME !!!

(Example:) Dear Xchange of America customer:

For the foreseeable future we are going to see a very volatile Iraqi Dinar market due to a system wide shortage. Currently, XOA is the only place we know of in America or abroad who has 50K notes in stock and possesses the ability to obtain the notes consistently. Pricing will be volatile; however, you can place your order over the phone or online today.

If you want a cost-effective alternative solution to your buying needs, we suggest purchasing circulated currency. As we buy and sell with some of the world’s largest financial institutions this is all they will buy.

We will run a special price of $950 / million with FREE SHIPPING. Use promo code Circulated when ordering.

We want to wish everyone a very healthy and happy 2018 and will keep you updated as the market continues to change.

Sincerely, Robert M. Hoffman, Jr.Chairman / CEO

StephenMa63 » January 27th, 2018

That settles it....DinarLand is just repeating everything you say.....so..........go ahead and Push that button Frank......they can copy and paste all they want afterwards

DogLuvr » January 27th, 2018

Saturday into Sunday

Don961 » January 27th, 2018

1 article to go

Samson » January 27th, 2018

Rafidain announced the use of new technology in the grant of three million dinars to retirees

26th January, 2018

Al-Rafidain Bank announced on Saturday that it used a modern technology to adopt the retiree's fingerprint in granting the advance instead of the guarantor.

The bank said in a press statement received by "Economy News", "The deduction of the amount of the advance of retirees of three million dinars is through the receipt of the retiree monthly salary by electronic payment tools."

He pointed out that "the use of this modern technology to adopt the fingerprint of the retiree in granting the advance instead of the sponsor," noting that "the implementation of this electronic mechanism and not manually, has led to a breakthrough quality and modern development and reduced the risk in the work of the bank LINK

Is the world witnessing a global trade war ?

27th January, 2018 by Ihab Ali MPs

US Treasury Secretary Stephen Menuchin's comments, which are supportive of a weak dollar and largely contradictory to traditional American principles, have surprised financial markets and led to a fall in the dollar's price.

Menuchin, at the World Economic Forum in Davos, blew up a speech that Washington has been repeating for decades and confirms, as former Treasury Secretary Bill Clinton once said, "a strong dollar serves the interests of the United States."

But Menuchin said the opposite. He said a "weaker dollar" would be "better" for the country because it stimulated "trade and employment". Menuchin sought to clarify his remarks. "I think my comments on the dollar were clear. We are not worried about the dollar's position on the market in the short term. It's a very volatile market."

The former banker in the Goldman Sachs group said he believed in "freedom of exchange and that there were pros and cons to the dollar's position in the short term, so I thought it was clear." He said the dollar would over time "reflect the long-term strength of the US economy" "The idea that a weak dollar would allow the strengthening of the competitiveness of US exports and raise the prices of imported goods would reduce them and thus reduce the US trade deficit is one of the goals of President Donald Trump.

In the midst of these remarks, the dollar lost 1 percent of its value and pushed the euro to its highest level in more than three years. By taking this position, Menuchin appears to be an additional weapon in the trade war waged by Washington, which wants to promote the "America First" principle.

The exchange rate of the dollar is relatively stable in European markets after falling on the impact of comments by Menuchin. "It is part of the trade war to a certain extent," said Joseph Gagnon, economist at the International Institute of Economics.

"The strong dollar has been very damaging and this situation has been going on for a very long time," the economist said, stressing that Europe, especially Germany, had benefited from this currency differential to increase its trade surplus with the United States.

He admits that the US currency at higher interest rates in the European Union and a more advanced economic cycle justifies the dollar to be slightly stronger than the euro. "But when the euro fell to $ 1.09 it became very weak,

I think with the interest rate and a similar economic cycle, the euro should be 1.50," he said. Given the size of the reaction in the exchange markets - the exchange rate of the euro exceeded 1,2415 in New York - US Commerce Secretary Wilbur Ross sought to calm concern. "He did not expect anything," he said, adding: "It was simply not the biggest problem we are currently dealing with." The White House also did not express a clear position on Menuchin's comments.

"This could lead to a race for lower currency rates because everyone wants a currency that is more competitive than the dollar or a trading partner," said Greg Daco, chief economist at Oxford Economics in the United States. Some emerging countries and China, for example, could allow the devaluation of their currency to maintain their trade competitiveness.

He spoke of the euro zone that "can choose the least troublesome means and delay the increase in interest" which will in turn lead to a rise in the euro. Others also stress that a weak dollar could reduce the trade deficit but also pose a risk of inflation. Prices of imported goods become the biggest accelerating inflation, which in turn can frustrate consumers and lead to a slowdown in spending, which is the engine of the American economy. "We have to keep this in mind when we talk about a weaker dollar," Dako said. LINK